San Francisco, California-based wearable tech firm Basis Science put itself up for sale and is currently in acquisition talks with Google, Apple, Samsung, and Microsoft, according to two sources familiar with the situation.
North America
Thailand's Playbasis bags $770K in seed funding
Playbasis, a Thailand-based gamification startup, has secured seed funding of $770,000 from Ardent Capital, 500 Startups and Axis Capital to expand its reach in Asia , TechCrunch reported.
North Carolina-based startup CycleWood secures $1.45M in funding for commercialization of biodegradable grocery bags
Fayetteville, US-based startup CycleWood Solutions Inc secured $1.45 million in funding from Dallas-based venture capital firm Trailblazer Capital LLC for the commercialization of its biodegradable grocery bags.
German software giant SAP to open startup cafes in Palo Alto
In a bid to attract more startups, Walldorf, Germany-based sofware giant SAP planned to open a cafe in Palo Alto, California, where startups companies can hang out, collaborate, and connect to over 1,000 companies worldwide.
Crowdfunding falters as Kickstarter gets hacked
With the most recent breach of Kickstarter that compromised the data of its users, the crowdfunding industry should strive for more caution this time, Entrepreneur reported.
Latest News
Google has leased a former printworks site in the Mission district in San Francisco as part of its strategy to get tech engineers who don't want to commute to Silicon Valley to its team, the Financial Times reported.
The single largest stock holding of Soros Fund Management in the fourth quarter is Israeli drugmaker Teva Pharmaceutical Industries Ltd, Reuters reported citing a February 14 filing with the US Securities and Exchange Commission.
Tel Aviv, Israel-based security startup SlickLogin confirmed that it is being added by Santa Clara County, US-based Internet giant Google for an undisclosed amount in an acqui-hire deal.
At the O'Reilly Media's Strata big data conference, four venture capitalists revealed the types of startups and the projects they would be willing to put their money on.
Cupertino, US-based smartphone giant Apple considered purchasing Palo Alto, California-based electric car manufacturer Tesla, according to a San Francisco Chronicle report citing an unnamed source.
Stack Overflow, the website where programming enthusiasts get to ask and answer questions, went down for about an hour Sunday, February 16 due because of a DDoS attack on its network provider, TechCrunch reported.
Kickstarter, the fundraising platform used by millions of people to raise capital for creative projects and businesses, said on Saturday that hackers had gained access to some of its customers' data earlier this week but that the breach had been repaired.
Google is said to be developing data transfer speeds of up to 10-gigabits per second, an internet connection that would put to shame the 1-gigabit connection of its Google Fiber offering, NBC News reported.
The uncertainty of the US government on what to do with the Bitcoins it has confiscated from the Silk Road raid in October last year has already cost it paper losses amounting to $31 million, The New York Post reported.
